ACCA Strategic Business Leadership Models 5

Question 1

According to the Ashridge Mission Model, which four elements define an organization's mission?

Accepted Answer

Purpose, Strategy, Values, and Standards of behavior

Answer

The Ashridge model defines mission through Purpose (why the company exists), Strategy (competitive position), Values (beliefs and moral principles), and Standards of behavior (policies guiding employees).

Question 2

Which leadership style in Hersey and Blanchard's Situational Leadership model is most appropriate for a follower with high competence but low commitment?

Accepted Answer

Participating (S3)

Answer

Participating (S3) is appropriate for high-competence, low-commitment followers because the leader focuses on two-way communication and motivation rather than task direction.

Question 3

In the context of Porter's Five Forces, which force is primarily increased by a high degree of product standardization?

Accepted Answer

Bargaining power of buyers

Answer

Standardized products make it easier for buyers to compare offerings and switch suppliers, increasing their bargaining power over firms in the industry.

Question 4

What does the concept of 'dynamic capabilities' add to the traditional Resource-Based View of the firm?

Accepted Answer

It emphasizes the ability to reconfigure resources in response to changing environments

Answer

Dynamic capabilities extend the RBV by highlighting a firm's ability to sense, seize, and reconfigure its resource base to adapt to rapidly changing competitive environments.

Question 5

In Johnson, Scholes, and Whittington's Strategic Lenses, which lens views strategy as emerging from organizational routines and cultural experience?

Accepted Answer

Strategy as Experience

Answer

The Experience lens sees strategy as shaped by individual and organizational experience and cultural assumptions rather than through rational analytical design.

ACCA - Association of Chartered Certified Accountants Practice Test

ACCA - Association of Chartered Certified Accountants Practice Test

ACCA Strategic Business Leadership Models 5